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<br />provides for monthly payments, with the full debt, if not paid earlier, due and payable on June 1, 2040
<br />. This Security instrument secures to Lender: (a) the repayment of the debt evidenced by the
<br />Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums,
<br />with interest, advanced under paragrapb 7 to protect the security of this Security instrument; and (c) the performance
<br />of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to the Trustee, in trust, with power of sale, the following described property located
<br />in HALL County, Nebraska:
<br />Part of the South Half of the Southwest Quarter (S1/2 S!'V 1/4) of Section Thirty Two (32), Township
<br />Eleven (1'1), North Range Nine (9) West of ttte 6th P. M. Hall County Nebraska more particularly descrihed
<br />as follows
<br />Beginning at the Southwest corner of said Section thence along the South line of said Section, One Thousand
<br />tour Hundred Thirty Six and Seven Tenths (1436.7) feet, thence left 00° 90', Three Hundred Thirty Three
<br />(333.0) 1-eet, thence left 102° 30', Two Hundred Ninety (290.0) feet, thence right 27° 00', Two Hundred
<br />Ninety (290.0) feet, thence left 13° SZ', Five Hundred (500.00) feet, thence right 90° 00 ; Eighty (80.0) feet,
<br />thence left 80° 00', Qne Hundred Twelve (112.0) feet, thence left 37° 46', Three Hundred Six and Six
<br />Tenths (306.6) feet, which is the West line of said Section thence left 6a° 30', Three Hundred Ten (3x0.0) feet,
<br />which is the Southwest corner of said Section and the point of beginning, Excepting therefrom certain tracts
<br />of laud more particularly described in the following deeds as the same are on file in the Office of the Register
<br />of Deeds of Hall County, Nebraska: Warranty Deed Document 76-002636, Warranty Deed In Book 13S
<br />Page ]91 and Quitclaim Deed in Book 1.57 Page 161
<br />Parcel ID Number: 400208156
<br />which has the address of 3120 w Schimiaer 17r [Street]
<br />Grand Island [city], Nebraska 68801 [zip code] ("Property Address");
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except For encumbrances of record. Borrower
<br />warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of-record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants
<br />with limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant and agree as follows:
<br />UNIFORM COVENANTS.
<br />1. Payment of Principal, Interest and Late Charge. Borrower shall pay when due the principal of, and
<br />interest on, the debt evidenced by the Note and late charges due under the Note.
<br />2. Monthly Payment of Taxes, Insurance and Other Charges. Borrower shall. include in each monthly
<br />payment, together with the principal and interest as set forth in the Note and any late charges, a sum far (a) taxes and
<br />special assessments levied or to be levied against the Property, (b) leasehold payments or ground rents on the
<br />Property, and (c) premiums for insurance required under paragraph 4. in any year in which the Lender must pay a
<br />mortgage insurance premium to the Secretary of Housing and Urban Development ("Secretary ), or in any year in
<br />which such premium would have been required i.f Lender still held the Security instrument, each. monthly payment
<br />shall also include either: (i) a sum for the annual mortgage insurance premium to be paid by Lender to the ~cretary,
<br />or (ii) a monthly charge instead of a mortgage insurance premium if this Security Instrument is held by the Secretary,
<br />in a reasonable amount to be determined by the Secretary. Except for the monthly charge by the Secretary, these
<br />items are called "Escrow Items" and the sums paid to Lender are called "Escrow Funds." ("
<br />X451005032
<br />FHA Deed of Trust-NE 4/96
<br />VMP Q ~ VMP4R(NE) (0809)
<br />Walters KluwerFinancial5ervices Paga 2 of 9
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